EQ8 have a great knowledge of North Sea distribution systems and were a key resource in setting up Hydrocarbon Allocation systems for a new asset. They developed the allocation methodology, and assisted determining the required flow of information and documenting all HA reporting processes within the company. This was a great assistance in a small operations team, and helped to ensure that the start-up of the asset was smooth from the hydrocarbon accounting side.
Maximum hydrocarbon product value realisation – that’s uppermost in everyone’s mind in today’s challenging energy market. EQ8 deliver a complete range of value adding hydrocarbon accounting services with an assurance of quality, integrity and independence.
EQ8’s Hydrocarbon Accounting services are a cost-effective way to add value to all your hydrocarbon allocation processes. We provide experienced, highly skilled consultants with a range of oil and gas system experience, varied production allocation process understanding and proficiency in the application of scientific principles – a key to maximising value.We fully understand the economic drivers in the industry today and specialise in delivering accurate, efficient allocation solutions for all your hydrocarbon production system requirements, whatever the size.Our service offering incorporates every aspect of allocation engineering from, for example; the development of detailed allocation schedules for contractual agreements, developing process models or methodology analysis and assessment.
Historic client assignments include:
- Risk analysis to assess the impact of new entrants to an existing allocation system
- Detailed investigation of allocation systems to ensure ongoing robustness and fitness for purpose
- Assessment of best in class allocation philosophy solutions
- Design and development of quality banks and value adjustment mechanisms
We have been providing ongoing, ad hoc, hydrocarbon allocation support to a developing Oil and Gas operating company with new assets in the central North Sea. Helping to select and develop their allocation methodology, provide personnel to support their project requirements and develop their quality assurance documentation. Our ongoing support contract ensures they can rely on having the ability to call on us for any operational allocation issues.